HARARE - Indian buyers snapped up the largest chunk of the 900 000 carats of Marange diamonds auctioned last week, The Zimbabwean can reveal.Mining industry sources said Indian buyers bought US$38 million worth of the Marange diamonds, or 83 per cent of the tender.
The total value of the diamonds auctioned on August 11 is estimated at around US$46 million, and not US$72 million as previously reported.
“The Indians dominated the auction, snapping up more than half the goods that were on offer,” a senior Ministry of Mines official told The Zimbabwean this week.
The auction was the first of two exports Zimbabwe has been allowed to make following a July agreement with industry watchdog Kimberley Process to resume trade in rough diamonds from controversial diamond fields.
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